Marlborough's Hallett: UK equities require greater vigilance

Faces challenges in 2018

Richard Hallett of of the Marlborough UK Multi-Cap Growth fund

Richard Hallett of of the Marlborough UK Multi-Cap Growth fund

The World Bank and International Monetary Fund have both upgraded their global growth forecasts and an improving international backdrop should benefit many UK companies that generate a large proportion of their earnings overseas.

The UK economy does, however, face challenges: Brexit uncertainty, a fragile government, the likelihood of further interest rate rises and the potential for higher inflation. So, there are good reasons for vigilance. But at an individual company level, we continue to identify businesses with attractive growth potential. One key area of opportunity is in companies positioned to benefit from secular growth trends. These are established long-term structural growth themes fundamentally uncorrelated to the economic cycle. UK dividends soar to record high in 2017 but beware 2018 'hangove...

To continue reading this article...

Join Investment Week

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now


Already an Investment Week


More on UK

The fall in sales volumes over the month was because of food stores, which fell by 1.6%.

UK retail sales slip in May as consumer confidence falls to lowest on record

Shoppers cut back on food spending

clock 24 June 2022 • 2 min read
"UK is at a crossroads"

Average global funds hold a third less in the UK than before Brexit

Brexit risks still an issue for managers

clock 23 June 2022 • 4 min read
The UK Infrastructure Bank just surpassed its one year anniversary

UK Infrastructure Bank to move away from investing through fund managers - reports

Chief executive has come under pressure

Elliot Gulliver-Needham
clock 23 June 2022 • 2 min read